Position Updates & Gauges for Trading on 5/9/2014

Mish Schneider | May 8, 2014

***NOTES: Raise trailing stop IYR 69.89 and CORN to 33.87
Raise Sell Stop EWP 41.44
STOPPED OUT IFN Filled 21.74

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Existing Position: TBT: Long 63.04 ATR 1.07

Name of Instrument: Ultrashort Lehman 20+ Yr Treasuries

Sell Stop: 61.94

Current Price: 63.60

Reason For Trade: Total bottom fishing based on recent brick wall bottom. Tight risk to under recent lows. I also see a possible sea change with the FED as far as keeping rates low along with the start of some potentially inflationary data-rising cost, lower production.

First Target: 67.24 for 1/2

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Existing Position: Long ½ Position EWP 41.76 ATR .48

Name of Instrument: iShs MSCI Spain Capped

Reason For Trade: Upgraded last week, cleared the 80 month moving average-has potential for much bigger move

Current Price: 42.30

RAISED****Sell Stop: 41.44

First Target: 3-4 ATRs TBD

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Existing Position: Long IFN ATR .33 Filled 22.32 STOPPED out 21.74

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Existing Position: Long ½ IYR 68.30 ATR .69

Name of Instrument: iShares Real Estate ETF

Current Price: 71.08

RAISED***Trailing stop 69.89

Reason For Trade: Showing relative strength in weak tape with a move and hold over the 50 DMA.

Target 1: 70.44 for ½ REACHED!!!

Target 2: 71.74 for another 1/2

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Existing Position: CORN: Long 30.67 Position Size left 17%

Name of Instrument: Teucrium Corn Fund

Current Price: 35.16

RAISED***Trailing Stop: 33.87

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